SPX Weakness Likely For The Next Week

Although our macro models are still bullish, our short term models are predicting the current weakness in the SPX.

The reserve model is in a headwind until later this week when a neutral period starts. SPX weakness likely for the next week.

(Click on image to enlarge)


The repo model continues to drop away from its #24 high, and the SPX is starting its lagged decline away from its #24 high.

(Click on image to enlarge)


The liquidity/sentiment models are both calling for SPX weakness with an 86% correlation confidence.

(Click on image to enlarge)

More By This Author:

Most Economic Indicators ('Screws') Remain Tight
A Summary Of The "Seven Innocent Frauds Of Economic Policy"
Tesla Has No Clothes

STOCKS IN THIS ARTICLE

Comments